On Thursday, the Port of Aalborg announced that it had entered into an agreement with Fidelis New Energy to build reception facilities to handle four million tons of CO2 annually from 2026 at the North Jutland port. Fidelis New Energy also plans to build facilities to handle the same amount of CO2 at the Port of Kalundborg.
Thus, the port and Fidelis New Energy have signed a Letter of Intent, which forms the framework for the establishment of a reception facility for CO2 in Kalundborg from the second half of 2027, the Zealand port announced in a statement.
- After lengthy discussions with Fidelis Europe, we are pleased that we are now working together to further realize this exciting project in Kalundborg. This project could have a major impact on the Port of Kalundborg in the years to come, and we are proud that we can become one of Denmark's focal points for the future handling of captured CO2 on European soil, says Bent Rasmussen, Port Director of the Port of Kalundborg.
Large billion-dollar investments
So it is a reception facility with a capacity to receive around four million tons of CO2 per year, which Fidelis New Energy intends to design, build and operate. The facility must also be built so that there is the possibility of expanding the capacity to around six million tons of CO2 per year.
The captured CO2 will be stored underground or used for the production of green fuels, etc. CO2 is expected to arrive primarily at the reception facility in Kalundborg by ship.
This means that the reception facility must be located at the Port of Kalundborg, which has sufficient water depth to accommodate the CO2 transport ships, and here the Port of Kalundborg can offer a water depth of up to 15 m, which can accommodate the largest ships.
- Storage and utilization of CO2 is a central element in most national and international climate ambitions in recent years, but the infrastructure must be in place before we can really accelerate development. In this regard, the facilities in Kalundborg and Aalborg will be important for the establishment of future CO2 projects throughout Europe and not least in Denmark, and we therefore expect investments of up to DKK 15 billion. kr. when Fidelis New Energy's facilities are fully developed.
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